The scheme re-opened for subscription and redemption for an ongoing basis from 2020, 23 December, the fund house said
UTI Small Cap Fund will endeavour to invest in companies that have scalable
business models and are run by seasoned management.
The recently launched UTI Small Cap Fund received over 86,000 applications,
garnering more than Rs. 920
crore during New Fund Offer or NFO period, the fund house said in a statement.
UTI Mutual Fund
launched UTI Small Cap Fund, an
open-ended equity scheme which will predominantly in small cap stocks on 2020, 2
December. The subscription closed on 16 December, 2020
Commenting on the
overwhelming response Imtaiyazur Rahman,
chief executive officer, UTI AMC Ltd. said, "The excellent
mobilization in the NFO of UTI Small Cap Fund is a reflection of the continued
trust reposed by investors in UTI Mutual Fund, its fund management capabilities
and in its robust systems and processes. We are thankful to our investors and
business partners for the support given to us. We look forward to their
continued patronage in future."
No comments:
Post a Comment